Leathergoods growth of 22% for LVMH

09/10/2019
Leathergoods growth of 22% for LVMH
Luxury group LVMH has reported revenues of €38.4 billion for the first nine months of 2019. This represents an increase of 16% compared to the same period last year.

Growth for the group’s fashion and leathergoods division was even higher. This part of the business achieved revenues for the nine-month period of €15.9 billion, up by 22% on the figure for the first nine months of 2018.

Flagship brand Louis Vuitton enjoyed what the group called “a remarkable performance in all its businesses and in all regions”, while Christian Dior also made “remarkable progress” and Loro Piana, Loewe and Rimowa all enjoyed “good progress”. 

LVMH said on releasing the figures that it would continue to be vigilant because of “an uncertain geopolitical context”.